Indian cricket team gets new kit sponsor – Adidas

The Board of Control for Cricket in India (BCCI) announced on May 22 that the Indian national cricket team had secured a new kit sponsorship deal with the renowned German sportswear powerhouse, Adidas.

While specific financial details and the duration of the contract were not disclosed, this development marks a significant milestone in the partnership between Adidas and the Indian cricket team.

Speculations surrounding this highly-anticipated collaboration had been circulating in the Indian media for some time, and BCCI Secretary Jay Shah took to Twitter to confirm the news. 

“I’m pleased to announce @BCCI’s partnership with @adidas as a kit sponsor,” Shah tweeted.

“We are committed to growing the game of cricket and could not be more excited to partner with one of the world’s leading sportswear brands. Welcome aboard, @adidas.”

Following the termination of the three-year agreement between the Board of Control for Cricket in India (BCCI) and global sportswear giant Nike in 2020, a new era commenced with the signing of a partnership between the BCCI and MPL Sports, the sports merchandise brand of Mobile Premier League.

“The partnership leads us to a new frontier for Team India and for sports merchandising in the country. We look forward to working with a young Indian brand like MPL Sports to tap the potential that this sphere holds. This partnership aims at facilitating access to high-quality Indian cricket fan merchandise, including the coveted Indian cricket team jersey for cricket fans not just in the country but globally,” Secretary Shah said at that time.

However, the association between the BCCI and MPL Sports concluded earlier than anticipated, prompting an interim sponsorship deal with the makers of renowned clothing brand Killer Jeans.

The MPL deal was valid till the end of December 2023. MPL was to pay the BCCI 65 lakh per match and 3 crore per year as the merchandise partner (a total of 9 crore).

However, MPL started looking for a replacement in 2022 itself as it found it challenging to continue with the deal.

According to reports, the contract between the BCCI and Killer Jeans is set to expire on May 31.

Catch all the Sports News and Updates on Live Mint.
Download The Mint News App to get Daily Market Updates & Live Business News.

More
Less

For all the latest Sports News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.